||THE FINANCIAL YEAR IN REVIEW
Fiscal year 2000-2001 represents another successful year of operation at Tulane University. The measures of success are numerous:
Total operating revenues exceeded $0.5 billion.
Total assets approximated $1.2 billion.
Total net assets approximated $0.89 billion.
Total endowment exceeded $638 million.
In fall 2001, full-time equivalency enrollment rose to 10,740, a university record.
REVENUES - view chart
During fiscal year 2001, total operating revenues increased 2.1% to $546 million compared to the prior year. Every dollar of revenue included 29.5 cents from tuition and fees, which totaled $161.0 million, net of institutional scholarships and fellowships, a 6.3% increase.
For the 12 months ended June 30, 2001, Tulane received $86.2 million for work performed on government grants and contracts. During the same period, private gifts and grants totaled $75.6 million.
EXPENDITURES - view chart
Total operating expenditures, before the change in net assets from operating activities, increased 4.9% to $522 million. Tulane spent 33.1 cents of every dollar on instruction and academic support.
Expenditures for libraries and student services increased by $2.5 million or 8.4% to a total of $32.2 million, while auxiliary enterprise spending grew by 6.4% to $69.9 million.
ENDOWMENT FUNDS - view chart
The market value of the universitys endowment increased from $550 million at June 30, 1999, to $639 million at
June 30, 2001, because of substantial new gifts, strong earnings and a realistic endowment spending policy.
REVENUES & EXPENDITURES - Both charts reflect year ended June 30, 2001 (in thousands).
ENDOWMENT - For the four years ended June 30, 1998, 1999, 2000, 2001 (in thousands of dollars, market value.)